| Steven M. Reff Economics Lecturer University of Arizona (2007 - 2016) The 2015 University of Arizona Five-Star Faculty Award Steven Reff's Resume |
Unit 6: Open Economy -- International Trade & Finance
• Topic 6.1 Balance of Payments Account
• Topic 6.2 Exchange Rates
• Topic 6.3 The Foreign Exchange Market
• Topic 6.4 Effect of Changes in Policies and Economic Conditions
on the Foreign Exchange Market (FX Market)
• Topic 6.5 Changes in the FX Market and Net Exports
• Topic 6.6 Real Interest Rates & International Capital Flows
• Topic 6.1 Balance of Payments Account
• Topic 6.2 Exchange Rates
• Topic 6.3 The Foreign Exchange Market
• Topic 6.4 Effect of Changes in Policies and Economic Conditions
on the Foreign Exchange Market (FX Market)
• Topic 6.5 Changes in the FX Market and Net Exports
• Topic 6.6 Real Interest Rates & International Capital Flows
| (10% – 13% of the exam) |
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| Week 15 |
| Principles of Macroeconomics |
Topic 6.1 - 6.6 REVIEW
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| Days 1 - 5: Week 15 |
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| Unit 6 Open Economy -- International Trade & Finance |
| FRQ long questions |
Back in 1995, the graduating class at University High School, where I taught
AP Microeconomics and AP Macroeconomics, asked me if
I would be its keynote speaker at its commencement ceremony.
Below is the link to the 12-minute commencement address. It was
taken in analog and transferred to digital in 2011, so please forgive
the blurriness of the video. The words are far more important than
the videos. At the end, stop the video, read the assignment to
your students, have them write a thank-you letter to their
parents, and most importantly, have them bring the letter home
and put it in a place the student's parent(s) will find it. This was
my favorite lesson I think I ever game to my students.
https://www.youtube.com/watch?v=ILuutv_YVbg&t=4s
AP Microeconomics and AP Macroeconomics, asked me if
I would be its keynote speaker at its commencement ceremony.
Below is the link to the 12-minute commencement address. It was
taken in analog and transferred to digital in 2011, so please forgive
the blurriness of the video. The words are far more important than
the videos. At the end, stop the video, read the assignment to
your students, have them write a thank-you letter to their
parents, and most importantly, have them bring the letter home
and put it in a place the student's parent(s) will find it. This was
my favorite lesson I think I ever game to my students.
https://www.youtube.com/watch?v=ILuutv_YVbg&t=4s
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IMPORTANT INFORMATION:
This reffonomics.com website you are currently looking at was produced in 2024.
In August of 2025, The College Board removed public access to decades of
archived Advanced Placement (AP) Free-Response Questions (FRQs) by redirecting
hyperlinks of public and private websites to a landing page of The College
Board, which hosts only the three most recent years of exam materials.
Too bad the links below are no longer are visible to the public. I think the questions
and answers were great study tools for students. But, then again, this is just my
normative statement.
This reffonomics.com website you are currently looking at was produced in 2024.
In August of 2025, The College Board removed public access to decades of
archived Advanced Placement (AP) Free-Response Questions (FRQs) by redirecting
hyperlinks of public and private websites to a landing page of The College
Board, which hosts only the three most recent years of exam materials.
Too bad the links below are no longer are visible to the public. I think the questions
and answers were great study tools for students. But, then again, this is just my
normative statement.
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